Theatre Masters in Aspen, Colorado (CO)
Table of contents:
| Theatre Masters | |
| Employer Identification Number (EIN) | 841602192 |
| Name of Organization | Theatre Masters |
| In Care of Name | Mike Otte |
| Address | 1280 Uta Ave 16, Aspen, CO 81611 |
| Subsection | Charitable Organization |
| Ruling Date | 02/2002 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $178,889 |
| Amount of Income | $100,482 |
| Form 990 Revenue Amount | $100,482 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Performing Arts Organizations |
Non-representatives - add comments:
Amount of income in 2014: $100,482 (it was $67,206 in 2013)
| This organization: | $100,482 |
| Other organizations performing similar types of work: | $62,906 |
Assets in 2014: $178,889 (it was $192,071 in 2013)
| Theatre Masters: | $178,889 |
| Other organizations performing similar types of work: | $17,297 |
Expenses in 2013: $79,029
| This organization: | $79,029 |
| Other organizations performing similar types of work: | $56,825 |
Income to expenses ratio in 2013: 1.3
| Theatre Masters: | 1.3 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 78.4%
| This organization: | 78.4% |
| Other organizations performing similar types of work: | 90.7% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $116,185 | $54,688 | $67,206 |
| Contributions, gifts, grants, and similar amounts received | $106,384 | $51,621 | $52,689 |
| Program service revenue including government fees and contracts | $9,214 | $2,826 | $14,305 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $587 | $241 | $212 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $77,350 | $59,007 | $79,029 |
| Total net assets | $208,213 | $203,894 | $192,071 |
| Excess/Deficit for the year | $38,835 | $-4,319 | $-11,823 |
| Net assets or fund balances at beginning of year | $169,378 | $208,213 | $203,894 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $203,894 | $192,071 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $208,213 | $203,894 | $192,071 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $208,213 | $203,894 | $192,071 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $414,059 |
| Subtotal | $414,059 |
| Gifts, grants, contributions, and membership fees received | $336,498 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $77,561 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $418,078 |
| Public support | $414,059 |
| Subtotal | $4,019 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $4,019 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
| Unrelated Trade or Business Income (for 2008) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $19,761 | $0 | $1,976 |
| Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $0 | $0 | $0 |
| Rent income | $0 | $0 | $0 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $1,976 | $0 | $0 |
| Deductions Not Taken Elsewhere (for 2008) | |
| Total deductions | $1,000 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $0 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $0 |
| Charitable contributions | $0 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $0 |
| Unrelated business taxable income | $0 |
| Unrelated business taxable income before net operating loss deduction | $976 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $976 |
| Specific deduction | $1,000 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Seoul Texas, Foley Eric P | 1380 Regatta Ln, Monument, CO 80132-9007 | CO | 2003-09 | $1,502,868 |
| 2 | Mode Theatre Living Arts Corporation | 2300 W Eisenhower Blvd, Loveland, CO 80537 | CO | 1997-11 | $755,686 |
| 3 | Silver Creek Organization For Performing Arts | 4901 Nelson Rd, Longmont, CO 80503-6001 | CO | 2006-01 | $727,356 |
| 4 | Mt Crested Butte Performing Arts Center | PO BOX 4403, Crested Butte, CO 81224-3720 | CO | 2010-11 | $247,910 |
| 5 | Broadway In Boulder Studios | 1123 W Enclave Cir, Louisville, CO 80027-2901 | CO | 2011-06 | $215,433 |
| 6 | Boulder International Fringe Festival Inc | 1020 1/2 Portland Place, Boulder, CO 80304 | CO | 2008-09 | $128,541 |
| 7 | Up In Lights Productions Inc | PO BOX 7057, Loveland, CO 80537-0057 | CO | 2007-05 | $91,434 |
| 8 | Torn Curtain Arts | PO BOX 350661, Westminster, CO 80035-0661 | CO | 2010-06 | $58,007 |
| 9 | The Production Company Inc | PO BOX 382, Fort Morgan, CO 80701-0382 | CO | 2006-10 | $44,511 |
| 10 | Tango Colorado Inc | 1570 Clarkson St, Denver, CO 80218-1419 | CO | 2002-01 | $34,938 |
| 11 | Performing Arts Council Of Brighton | Po Box 1188, Brigton, CO 80601 | CO | 2003-04 | $9,899 |
| 12 | Denver Theatre Sports | 4565 King St, Denver, CO 80211-1357 | CO | 2014-03 | $1,634 |
| 13 | Trinidaddio Blues Fest Inc | 1400 San Pedro, Trinidad, CO 81082 | CO | 2009-05 | $1,206 |
| 14 | Alphabet Puppet Shows Inc | 2306 S Eaton Ct, Lakewood, CO 80227 | CO | 2003-08 | $0 |
| 15 | Berthoud Arts And Humanities Alliance | Pob 1442, Berthoud, CO 80513 | CO | 1995-09 | $0 |
| 16 | Bobs Big Band Inc | 5325 S Ingalls St, Denver, CO 80123 | CO | 2012-02 | $0 |
| 17 | Calico & Bouts | Po Box 21466, Boulder, CO 80308-4466 | CO | 2001-02 | $0 |
| 18 | Canon City Gospel Music Ministries | 1636 Elm Ave, Canon City, CO 81212-4521 | CO | 2008-03 | $0 |
| 19 | Capa Circus And Performinf Arts | 3245 W 68th Ave, Denver, CO 80221-2615 | CO | 2007-03 | $0 |
| 20 | Colorado Chautauqua Cottagers Inc | 900 Baseline Rd 13b, Boulder, CO 80302 | CO | 1997-02 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,170 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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